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Frontera Energy Corp T.FEC

Alternate Symbol(s):  FECCF

Frontera Energy Corporation is a Canada-based oil and gas company. The Company is involved in the exploration, development, production, transportation, storage, and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 27 exploration and production blocks in Colombia, Ecuador, and Guyana, and pipeline and port facilities in Colombia. The Company’s segments include Colombia, Ecuador, Guyana, Midstream Colombia, and Canada & Others. Colombia includes all upstream business activities of exploration and production in Colombia. Ecuador includes all upstream business activities of exploration and production in Ecuador. Guyana includes exploration and infrastructure. Midstream Colombia includes the Company’s investments in pipelines, storage, port, and other facilities relating to the distribution and exportation of crude oil products in Colombia.


TSX:FEC - Post by User

Bullboard Posts
Comment by Zoolanders21on Apr 28, 2016 12:47am
286 Views
Post# 24818602

RE:RE:RE:Evil is in the details

RE:RE:RE:Evil is in the details One good thing (I think) is that PwC was appointed as the body to oversee the finances of the company during the restructuring process. Management won't be able to cook the books with them around. So many accounting misrepresentations and abnormal practices by manaagement with the huge write downs to make it appear the company is in dire straits. Hopefully they (PwC) assists the courts to see what is really going on and the unveil the ture underlying value of this company for everyone including shareholders. This is a commodity based  industry that is ever improving and on the rebound. The company is profitable now at $45 oil, and could have sold non core assets to get us through the current low price environment to preserve value for all stakeholders, Anyone that can do simple math can see that. Management is expediting write offs and write downs of reserves to try to make it look like the company does not have assets to include shareholders in the restructuring but they are not going to get away with it. Trading of the shares on the OTC seems to indicate that there will be some value for shareholders. Unfortunately our hands are tied and we have to wait to see how it unfolds. i think it is also positive that Alfa and Ohara board members resigned. They can now pursue any other avenues they wish whether legal or strategic. GL Zoo  
Bullboard Posts